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Henry George and How Growth in Real Estate Contributes to Inequality and Financial Instability

Authors:

  • Extends Henry George's ideas from land and rent to other forms of rent and to financial assets
  • Extends Henry George's proposal of a single tax on land to taxes on financial rents and wealth
  • Provides an innovative approach to the current arguments surrounding a financial tax, financialization and financial instability and the role of government in the economy

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Table of contents (11 chapters)

  1. Front Matter

    Pages i-xvi
  2. Part I

    1. Front Matter

      Pages 9-10
    2. Understanding Rents in the Real Economy

      • Edward Nell
      Pages 11-25
    3. Growth and Rents in the Real Economy

      • Edward Nell
      Pages 27-33
  3. Part II

    1. Front Matter

      Pages 51-53
    2. From Craft to Mass Production

      • Edward Nell
      Pages 71-83
    3. Growth and Rents in Today’s Economy

      • Edward Nell
      Pages 85-96
  4. Part III

    1. Front Matter

      Pages 97-98
    2. Rents and the Securities Markets

      • Edward Nell
      Pages 121-134
    3. Conclusions

      • Edward Nell
      Pages 135-138
  5. Back Matter

    Pages 139-148

About this book

This Palgrave Pivot contextualizes Henry George as an important and uniquely American figure in the fields of economics and political economy, with special emphasis on the frontier and innovation. This book discusses George’s concept of rent as the result of economic progress, explains George’s argument that the rise in rents caused by economic progress in turn generates inequality and poverty, and examines the relevance of these ideas in today’s financialized global economy. This book adds to the very necessary discussion of whether our current financial industry is a benefit or a drain on human economic well-being.

Authors and Affiliations

  • New School, New York, USA

    Edward Nell

About the author

Edward Nell is Professor Emeritus at the New School for Social Research in New York City. Nell has been a member of The New School faculty since 1969, and held the position of Malcolm B. Smith Professor of Economics from 1990 to his retirement in 2014. Since then he has become Chief Economist for the London-based Eco-Capacity Exchange (RECIPCO) and Vice-President of the Henry George School of Social Science in New York. Nell’s contributions are in the fields of Macroeconomic Theory, Monetary Analysis and Finance, Economic Methodology and Philosophy, focusing on his theory of Transformational Growth and Development. He has written twenty-seven books, and his articles on economic theory and methodology have appeared in leading journals like American Economic Review, Journal of Political Economy, Journal of Economic Literature, Cambridge Journal of Economics, Eastern Economic Journal, Review of Political Economy, Economic Development and Cultural Change, Analysis, and Social Research.


Bibliographic Information

Buy it now

Buying options

eBook USD 39.99
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Hardcover Book USD 54.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Other ways to access